Why is Feeney called a hero/saint?

Answer:

Explanation:

Budgeted direct labor hour is defined as the average time it will take to complete a budgeted production . This is calculated by multiplying the budgeted production by the labor hour per unit of production.

Workings

Total overhead budget = 807,500

Night light budgeted production = 60,000

Desk lamp budgeted production= 80,000

Night lamp production = 1/2 hour / unit

Desk lamp production = 2 hour / unit

Night light budgeted hour = 60000*1/5 = 30,000 hours

Desk lamp budgeted hour  = 80,000 * 2 = 160,000 hours

Total number of budgeted direct labor hours = 190,000 hours

To set up an endowment fund at SJSU that will provide $1 million in scholarships to students annually, forever, with an expected return of 6.5%, you would need approximately $15,384,615.38 in the endowment fund today.

The amount needed in the endowment fund can be calculated using the concept of perpetuity. A perpetuity is an infinite series of cash flows that continue indefinitely. In this case, the annual scholarship amount of $1 million represents the perpetuity. The value of a perpetuity can be determined by dividing the annual cash flow by the expected return rate expressed as a decimal. In this scenario, dividing $1 million by 6.5% (0.065) gives approximately $15,384,615.38. Therefore, to sustain the annual scholarship amount of $1 million forever, the endowment fund should have a principal balance of approximately $15,384,615.38 today, assuming a constant expected return of 6.5%.

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Answer:

9%

Explanation:

Calculation for how much do you save

Using this formula

Percentage saved=Personal rate -Dividend rate

Let plug in the formula

Percentage saved=24%-15%

Percentage saved=9%

Therefore how much do you save is 9%

For economists, substitutes for laboratory experiments often come in the form of natural experiments, field experiments, and quasi-experiments.

What are the significance of these experiments?

A natural experiment is a situation where the assignment of subjects to groups is determined by factors outside of the researcher's control, such as policy changes, weather conditions, or natural disasters.

For example, the minimum wage increase in a particular state can be considered a natural experiment, where the effects of the policy change can be observed by comparing the outcomes of the affected and non-affected groups.

A field experiment is a study conducted in a real-world setting, where the researcher manipulates one or more variables and observes their effects on the subjects.

For example, a researcher may conduct a field experiment to test the effectiveness of a new advertising campaign by randomly assigning different groups of consumers to different versions of the campaign.

A quasi-experiment is a study where the assignment of subjects to groups is based on some criteria or variable, but the researcher does not have full control over the assignment process.

For example, a study comparing the outcomes of patients who received a new drug to those who did not, where the assignment to the treatment and control groups is based on the patients' medical condition and the availability of the drug, can be considered a quasi-experiment.

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True. An analytical procedure that compares the current-year ratio of a single department's salaries expense to the average number of employees working in the department would most likely be conducted in the early planning stages of an audit.

Analytical procedures are used by auditors to assess the reasonableness of financial information and to identify any significant fluctuations or potential issues that may require further investigation. These procedures involve analyzing relationships and trends in financial and non-financial data.

In the early planning stages of an audit, auditors often perform preliminary analytical procedures to gain an understanding of the client's business and identify areas of potential risk. Comparing the current-year ratio of a single department's salaries expense to the average number of employees working in the department can help auditors assess the reasonableness of the department's salary expenses relative to its workforce.

By analyzing this ratio, auditors can identify any significant deviations from historical trends or industry benchmarks. If the ratio appears unusual or significantly different from expectations, it may indicate potential issues such as overstaffing, understaffing, or misallocation of salary expenses. This can help auditors identify areas that require further examination and potentially adjust their audit approach accordingly.

Therefore, conducting this analytical procedure in the early planning stages of an audit allows auditors to gather initial insights and identify areas that may require additional audit procedures and attention.

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Answer:

these are some six steps to move up the company ☝

hope it helps

The Keynesian model focuses more on short-term fluctuations caused by business cycles and the neoclassical model focuses more on short-term fluctuations caused by business cycles.

Neoclassical economics is long-term oriented. Key policies include: Governments should focus on keeping long-term growth and inflation under control, rather than worrying about a recession or cyclical unemployment.

Aggregate demand is a useful tool for controlling inflation.

The Keynesian model focuses on using aggressive government policies to manage aggregate demand and combat or prevent recessions. Keynes developed his theory in response to the Great Depression and was highly critical of early economic theory, which he called classical economics.

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Based on the information provided, it appears that the supplier has lowered the cost of the part to $58.50 and increased the order cost to $2000 per order.

However, there is a price break available only if your order quantity is greater than 3750. It's important to consider the overall cost of ordering in bulk to take advantage of this price break. It may also be beneficial to evaluate other suppliers and their pricing structures to ensure that you are getting the best deal for your business.

Under the new pricing structure, the cost per unit has decreased to $58.50 from the original price of $60. However, the order cost has increased to $2000 from the original cost of $1500. To be eligible for the price break, the order quantity needs to be greater than 3750 units. This means that to take advantage of the price break, you would need to order at least 3750 units at a cost of $58.50 per unit, totaling $219,375.

If you ordered fewer than 3750 units, the cost per unit would remain at $58.50, but the total cost would be higher due to the increased order cost of $2000. For example, if you ordered 3000 units, the total cost would be $175,500 ($58.50 per unit x 3000 units) plus an additional $2000 for the order cost, resulting in a total cost of $177,500. Therefore, it would be more cost-effective to order in larger quantities to take advantage of the price break and offset the higher order cost.

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Answer: representing the group

Explanation:

From the question, we are informed that a nurse encourages employees to implement a magnet recognition program in the organization and that the nurses think beyond their own personal needs and are clear about the group outcomes.

The leadership quality according to gardner’s tasks that is reflected in the activity of the nurse is the representing the group. The leader sets aside their personal aim for the group.

Answer:

bio

form

Explanation:

Answer:

They become victims of fraud by those looking to take advantage of the wealthy.

Explanation:

The most likely reason that lottery winners often end up with serious financial problems is: “They become victims of fraud by those looking to take advantage of the wealthy.” Hence, Option B is correct.

Financial difficulty is the inability to make either short-term or long-term debt payments. Debt makes managing money more difficult and reduces one's purchasing power.

Up until all obligations are paid, financial issues become a source of worry. It is necessary to find a solution so that debts can be paid back. Students frequently struggle to pay their bills and afford their education, and many of them have poor incomes, limited financial literacy, and many more.

Families are vulnerable to the destructive effects of economic hardship and financial turmoil. Many families lose their houses, automobiles, retirement accounts, valuables, money, health insurance, and other things during hard economic times.

Therefore, Option B is correct.

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Answer:

Currency, saving accounts, checking accounts, and short-term investment accounts are included in the M2 category. Commodity money is not included in the M2 category.

The Enterprise Risk Management-Integrated Framework of the Committee of ponsoring Organizations (COSO) is best defined as a process that is affected by an entity's board of directors, management, and other personnel.

This framework is a more flexible and well-rounded approach to manage risks of an organization while ensuring that its objectives are met.

There are three types of objectives in COSO's ERM framework: Strategic, Operational, and Reporting. The framework's fundamental premise is that every organization exists to achieve its objectives and that effective risk management is essential to achieving its goals, vision, and mission.

The internal environment plays a significant role in creating a risk-conscious culture, providing discipline, and enabling a company to achieve its objectives.

The identified risk should be assessed to determine their likelihood of occurring and the possible impact of their occurrence. Risk response involves the formulation of plans and activities that can be undertaken to reduce the impact of identified risks. The control activities involved are the policies and procedures set up to achieve the risk management objectives set. Information and communication involve the process of gathering information and communication of the risks identified in a timely manner to the right people who can act on it.

Monitoring ensures the effective implementation of the risk management process and detects gaps that need to be addressed. In conclusion, the Enterprise Risk Management-Integrated Framework of the Committee of ponsoring Organizations (COSO) is best defined as a process that is affected by an entity's board of directors, management, and other personnel.

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Answer:

improved oven means improved cooking

Explanation:

Cause they are expert in that kind of task will make thing look faster and easy to deal with while having any problems that arise on the long run of the business, experts will have a ways of making solutions to that cause they have deal with series of serious issues relating to that

The finance charge is c. $27.50. This is the amount that Peter has to pay in addition to the $250 that he borrowed.

The finance charge is the total amount of money that Peter has to pay for borrowing the $250. To calculate the finance charge, we need to add the interest and the service charge.

So, finance charge = interest + service charge = $25 + $2.50 = $27.50

It is important to understand the finance charge when borrowing money as it is a cost that can add up quickly and impact your overall financial situation. When borrowing money, it is important to read the terms and conditions carefully and understand all fees and charges associated with the loan.

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Company X's return on equity can be determined by looking at the breakdown of the DuPont Framework. The DuPont Framework is a financial analysis tool used to calculate the return on equity (ROE). It breaks down ROE into three components: profit margin, asset turnover, and financial leverage.

By examining each of these components, investors can get a better understanding of how well a company is performing and make informed investment decisions.

Company X's profit margin calculates how much of each dollar of sales the company is keeping as profit. The asset turnover ratio measures how efficiently management is using the company's assets to generate sales. Financial leverage looks at how much debt a company is using relative to its equity to increase its return on equity.

By looking at these components, investors can get a better understanding of Company X's return on equity and make better decisions when investing in the company.

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Answer:

tread count

Explanation:

different sizes

The total depreciation for the two motor vehicles would be Ksh 2,562,500, and the provision for the depreciation account would be credited with this amount.

Depreciation is the decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors. In this scenario, the trader bought a motor vehicle worth Ksh 3,000,000 on January 1, 2018, and another worth Ksh 1,000,000 on April 1, 2020. The business calculates depreciation on motor vehicles at the rate of 25% on the cost per annum.

To calculate the depreciation for each motor vehicle, we need to multiply its cost by the depreciation rate of 25% per annum. For the first motor vehicle, the depreciation for 2018 would be Ksh 750,000 (25% of Ksh 3,000,000), and for 2019 it would be another Ksh 750,000. For 2020, the depreciation would be Ksh 750,000 plus an additional Ksh 562,500 (25% of Ksh 2,250,000, which is the remaining cost of the vehicle after two years of depreciation). Therefore, the total depreciation for the first motor vehicle would be Ksh 2,062,500.

Similarly, for the second motor vehicle, the depreciation for 2020 would be Ksh 250,000 (25% of Ksh 1,000,000), and for 2021 it would be another Ksh 250,000. Therefore, the total depreciation for the second motor vehicle would be Ksh 500,000.

To create a provision for a depreciation account, we need to debit the depreciation expense and credit the provision for a depreciation account. This will ensure that the value of the motor vehicles on the balance sheet reflects their current value after considering the depreciation. The provision for the depreciation account will be a contra-asset account, which means it will be subtracted from the total value of the motor vehicles to arrive at the net book value.

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The impact of inflation is the main drawback of economic expansion. Aggregate demand will rise as the economy expands. There will be an excess of demand but a lack of supply in the economy if overall demand rises more quickly than overall supply does.

The social science of economics deals with the creation, exchange, and consumption of products and services. Economics is the study of how economies work as well as the behavior and interactions of economic actors. The study of microeconomics focuses on what are thought to be the fundamental components of the economy, such as the interactions that result from market and agent activity. Individual agents can represent a variety of clients, including homes, companies, buyers, and sellers. The study of the economy as a coexisting system of production, consumption, saving, and investment is known as macroeconomics. Additionally, it looks at the elements that have an impact on this system, including the use of labor, capital, and natural resources, currency inflation, economic expansion, and public policies that have an impact on these elements.

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The net present value of the proposed credit policy switch is $592,032.32. Here is the explanation: Given, Currently, BMW Corporation sells 350,000 units of widgets a month at a price of $21 a unit. The company currently has a net 30 credit policy.

The marketing manager thinks that sales would increase by 10,000 units per month if the company were to switch to the new credit policy. Mr. Jay, the company’s financial manager, is evaluating a new credit policy of net 60 for the company. The APR for OET is 13% compounded monthly, and its variable cost per widget is $12.Ignoring taxes. Now, The new credit policy of net 60 would mean that BMW Corporation would give its customers a credit period of 60 days, instead of 30 days earlier. The customers would be happier with the extra credit period.

The marketing manager thinks that sales would increase by 10,000 units per month if the company were to switch to the new credit policy. Now, the question is to find the net present value of the proposed credit policy switch. Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows. It is used to determine the value of an investment or project. Before calculating the NPV, we need to calculate the total cost of the proposed credit policy switch and the total revenue generated from it.

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a) Statement 1: Opportunity cost is not a cost at all. I disagree with this statement. Opportunity cost refers to the value of the next best alternative foregone when making a decision.

It represents the benefits or potential gains that could have been achieved by choosing a different option. Although opportunity cost does not involve an actual monetary expenditure, it still represents a real cost in terms of the value that could have been obtained.

For example, if a company chooses to invest its resources in Project A instead of Project B, the opportunity cost would be the benefits or profits that could have been generated by Project B. Ignoring opportunity cost can lead to inefficient decision-making and missed opportunities for maximizing value.

Statement 2: Sunk costs are irrelevant for managerial analysis.

I agree with this statement. Sunk costs are costs that have already been incurred and cannot be recovered regardless of the decision made. Since these costs are irreversible, they should not influence future decision-making. Managers should focus on future costs and benefits rather than past expenses that are beyond their control.

b) Cost behavior is important for decision-making purposes because it helps managers understand how costs change in response to different levels of activity or production. By analyzing cost behavior, managers can make informed decisions regarding pricing, production levels, cost control measures, and resource allocation.

For instance, understanding whether a cost is fixed or variable enables managers to determine the breakeven point, which is crucial for pricing decisions. It also helps in evaluating the impact of changes in production volume on total costs and profitability.

By considering cost behavior, managers can identify cost drivers, such as labor, materials, or overhead, and focus on managing and controlling those drivers to improve cost efficiency. This knowledge empowers managers to make strategic decisions that optimize resources and improve the financial performance of the organization.

c) A budget can be used as a tool for managerial planning and control in several ways. Firstly, it serves as a roadmap for setting financial goals and targets for an organization. By establishing a budget, managers can define specific objectives, allocate resources accordingly, and monitor progress towards achieving those goals.

Secondly, a budget helps in resource allocation and prioritization. It provides a framework for determining how much money, time, and effort should be allocated to different activities or departments within the organization. This ensures that resources are used efficiently and effectively to support the overall objectives.

Furthermore, a budget facilitates control by comparing actual performance against planned targets. By regularly monitoring and comparing budgeted and actual results, managers can identify any deviations or variances. This allows them to take corrective actions, make necessary adjustments, and ensure that the organization stays on track to achieve its financial and operational objectives.

Overall, a budget provides a comprehensive financial plan that guides decision-making, resource allocation, and performance evaluation, enabling managers to effectively plan and control their organization's activities.

d) Budget slack refers to the intentional overestimation or padding of budgeted amounts by managers or employees. It is typically done to create a cushion or safety net, anticipating that actual costs or performance will be lower than budgeted. However, budget slack can have negative consequences for cost control:

Reduced cost efficiency: Budget slack may lead to inefficiencies as resources are allocated in excess or not optimized. It can result in unnecessary spending or underutilization of resources, which negatively impacts cost control efforts.

Inaccurate performance evaluation: Budget slack can distort actual performance measurements. When actual costs or performance fall below the padded budget, it may create a false sense of accomplishment or meet targets too easily. This undermines the accuracy of performance evaluations and hinders the ability to identify areas for improvement.

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Answer:

Below is a list of activities for Blue Angus Incorporated. For each activity, we need to indicate the impact on the accounting equation and ensure that the accounting equation remains in balance. Let's go through each transaction step-by-step.

By analyzing each transaction, we can see that the accounting equation remains in balance. The accounting equation states that Assets = Liabilities + Equity, and at the end of each transaction, the equation holds true. This ensures that all the financial activities of Blue Angus Incorporated are properly recorded.
1. Example: Blue Angus Incorporated purchases office supplies for $500 on credit.
- Impact on accounting equation:
 - Assets (Office supplies) increase by $500 (+$500)
 - Liabilities (Accounts payable) increase by $500 (+$500)
 - Equity remains unchanged
2. Blue Angus Incorporated receives cash of $2,000 for services provided.
- Impact on accounting equation:
 - Assets (Cash) increase by $2,000 (+$2,000)
 - Equity (Retained earnings or Revenue) increase by $2,000 (+$2,000)
 - No impact on liabilities
3. Blue Angus Incorporated pays $1,200 for rent expense.
- Impact on accounting equation:
 - Assets (Cash) decrease by $1,200 (-$1,200)
 - Equity (Retained earnings or Expenses) decrease by $1,200 (-$1,200)
 - No impact on liabilities
4. Blue Angus Incorporated borrows $5,000 from a bank.
- Impact on accounting equation:
 - Assets (Cash) increase by $5,000 (+$5,000)
 - Liabilities (Notes payable) increase by $5,000 (+$5,000)
 - No impact on equity
5. Blue Angus Incorporated pays $800 on accounts payable.
- Impact on accounting equation:
 - Assets (Cash) decrease by $800 (-$800)
 - Liabilities (Accounts payable) decrease by $800 (-$800)
 - No impact on equity

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Contracts bind parties to their stated obligations by utilizing clear language to enable each party to understand its obligations in a deal, particularly in terms of payment and deadlines.

As it is specified that both parties signed a legal instrument in the presence of attorneys with details on the payment terms, a contract serves as the private solution to the externality of pollination. Contracts bind parties to their stated obligations by utilizing clear language to enable each party to understand its obligations in a deal, particularly in terms of payment and deadlines. Additionally, contracts serve as insurance for both parties in the event that one party breaches an agreement and is subject to legal action.

The Coase theorem, which states that private individuals can only resolve the issues caused by externalities on their own when the interested parties can bargain without cost over the allocation of resources, states that private solutions to externalities sometimes do not work, especially when communications barriers or social customs are important enough relative to the potential gains involved. When this occurs, the private market will assist in addressing the issue of externalities and effectively allocating resources.

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A moderate and sustainable amount of current income is the goal of the investment. The fund makes at least 80% of its investment in U.S. Treasury securities, which include Treasury bills, bonds, and notes.

Having a maturity of one year or less, a Treasury Bill (T-Bill) is a short-term obligation of the United States government backed by the Treasury Department.

Typically, $1,000 bills are available for purchase from the Treasury. However, some can place non-competitive bids up to a maximum denomination of $5 million. These securities are frequently viewed as safe and low-risk investment options.

T-Bills are sold by the Treasury Department in auctions that feature both competitive and non-competitive bidding. The price of a noncompetitive bid, sometimes referred to as a noncompetitive tender, is determined by averaging all the competitive offers that were received.

The tangible net worth of T-Bills is typically very high. T-bills are issued by the U.S. government to pay for a range of public works initiatives, including the building of roads and schools.

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Answer:

b. Product development

Explanation:

When irobot introduced new robot models that would clean gutters and mop​ floors, this innovation represented the product development type of market growth​ strategy.